Monday, August 24, 2020
The idea of suffering as a' call to the Other' Assignment
Suffering as a' call to the Other' - Assignment Example That year Eric Cassel distributed a paper on enduring dependent on his experience as MD. This work previously showed up in New England Journal of Medicine propelled another bearing in examining enduring in social insurance setting. Loads of delegates of different orders utilized Casselââ¬â¢s comprehension of enduring in their distributions to cause to notice the way that enduring isn't connected just to physical injury or some ailment, however identifies with human enduring too (Cassel, 1991). The center thought of Casselââ¬â¢s view of enduring is that the last is ââ¬Å"experienced by people, not only by bodies, and has its source in difficulties that undermine the flawlessness of an individual as an unpredictable social and psychologic entityâ⬠(Cassel, 1982, p. 639). Also, the creator communicates the view that enduring can incorporate agony, yet isn't limited to it. Critically, he declares that to soothe human enduring is the commitment of the clinical consideration. C asselââ¬â¢s correlations and studies in the territory of torment and human affliction, just as his musings on importance are good with the topics of nursing and clinical consideration investigated ever. In any case, by and by one can find that regardless of their noteworthy significance, both medication and nursing regularly neglect to do this significant obligation inside present day social insurance. Rather, they have gotten over specialized and depersonalized. To our investigation of enduring as a Call to the Other, Casselââ¬â¢s investigation of the ailment and its significance appears to be explicitly important since it tends to be all around applied to the nursing practice. Cassel considers individual significance as a fundamental and chief element of what we know as personhood. To include, Cassel gives clarification of the significance of acknowledgment of individual importance. Specifically, the specialist expresses that this acknowledgment is essential in comprehension peopleââ¬â¢s sicknesses and sufferings. At long last, Cassel censures current medication for its numbness of personââ¬â¢s soul that drives human life, or at the end of the day for its inability to incorporate the extraordinary measurement. Beginnings OF SUFFERING In his examination ââ¬Å"Medicine and Human Sufferingâ⬠, Professor Hiram Caton affirms that the starting point of enduring inside people is their nervousness of death. He composes, ââ¬Å"The basic human enduring is information on mortalityâ⬠(Caton, 1998). Be that as it may, the vision of birthplaces of enduring is unquestionably progressively intricate. Enduring is delegated physical and mental. For example, Tudor discusses physical, mental torment, and distress. Perceiving the current polarity among brain and body, Tudor characterizes physical enduring as ââ¬Å"suffering felt as physical painâ⬠and mental enduring as ââ¬Å"suffering felt as mental painâ⬠(Tudor, 2001: 23). According to menta l anguish, the term of pain has been effectively evolved by Weil. In his understanding, enduring is seen as torment and it includes a mix of mental trouble, torment felt genuinely, and some social components. Moreover, mental enduring is otherwise called ââ¬Ësorrowââ¬â¢, which is by all accounts incapable to precisely reflect such states as pain, despair, anguish, stun, and so on (Wyschgorod, 1990: 34). Mental and physical enduring contrast not simply in the idea of torment that the Other encounters, yet as far as expressibility also. Based on cautious perception, Scarry has arrived at the resolution that Physical torment doesn't just oppose language yet effectively obliterates it, bringing
Saturday, August 22, 2020
The Right Stuff Essay Example | Topics and Well Written Essays - 250 words
The Right Stuff - Essay Example They are the attributes that the spotter believes is right. So the one with the position or force characterizes what the secret sauce is. Individuals attempt to figure the real attributes that go under the theme the secret sauce yet they are just known to the individual who has defined the hypothesis. It is extremely hard to track down a man with the secret sauce and he ought to have it, not the vast majority of it. After the second world war the US were in a race with the Russians for the space strategic. It was extremely significant for them to beat the Russians. Numerous pilots were enlisted by the NASA for the space program. New pilots from the naval force were likewise chosen. The book tells about the US space program, the aircraft testers, space travelers and their spouses. It shows what the pilots and their spouses suffered during the space program. The pilots were given a little presentation talk, here they were told about the secret sauce and one ought to have it to arrive a nd not a large portion of it. Numerous estimates were made yet brought about disappointment. Despite the fact that the secret sauce incorporates the term fortitude however itââ¬â¢s not about it. It incorporates numerous other stuff and prerequisite other than grit and mental fortitude. The pilots experienced thorough tests and numerous different undertakings to check in the event that they had the secret sauce and pilots were being dismissed dependent on the hypothesis of the secret sauce. The pilots got fixated on it by hearing it in each period of the tests.
Saturday, July 18, 2020
Problems That Occur During Prenatal Development
Problems That Occur During Prenatal Development Theories Developmental Psychology Print Problems With Prenatal Development By Kendra Cherry facebook twitter Kendra Cherry, MS, is an author, educational consultant, and speaker focused on helping students learn about psychology. Learn about our editorial policy Kendra Cherry Updated on August 18, 2019 JGI/Jamie Grill / Getty Images More in Theories Developmental Psychology Behavioral Psychology Cognitive Psychology Personality Psychology Social Psychology Biological Psychology Psychosocial Psychology In most cases, prenatal development occurs normally and follows the established patterns of development with little variation. However, there are a number of things that can go wrong during this time, which are usually caused by genetics or environmental problems. Genetic Problems As you might imagine, genetics play a major role in development. However, in some cases, genetic problems can emerge that may impact both current and future development. Down Syndrome: Also known as trisomy 21, Down syndrome is the most common genetic anomaly during prenatal development. Down syndrome is caused by an extra copy of the 21 chromosomes (meaning there are three chromosomes instead of the usual two) and impacts approximately 1 out of every 1,000 infants. Typical features of Down syndrome include flattened facial features, heart defects, and intellectual impairment. The risk of having a child with Down syndrome increases with maternal age.Inherited diseases: A number of illnesses can be inherited if one or both parents carry a gene for the disease. Examples of inherited diseases include Sickle-cell anemia, Cystic fibrosis, and Tay-Sachs disease. Genetic tests can often determine if a parent is a carrier of genes for a specific disease.Sex-Chromosome Problems: The third type of genetic problems involves sex-chromosomes. These include conditions such as Klinefelters syndrome (an extra X-chromosome) and Turner syndrome (a single X-chromoso me). How Genetics Affect a Childs Development Environmental Problems Environmental variables can also play a major role in prenatal development. Harmful environmental elements that can effects the fetus are known as teratogens. There a number of teratogens that can harm the fetus, including: Maternal Drug Use: The use of substances by the mother can have devastating consequences to the fetus. Smoking is linked to low birth weight, which can result in a weakened immune system, poor respiration, and neurological impairment. Alcohol use can lead to fetal alcohol syndrome, which is linked to heart defects, body malformations, and mental retardation. The use of illicit psychoactive drugs such as cocaine and methamphetamine is also linked to low birth weight and neurological impairment.Maternal Disease: There are a number of maternal diseases that can negatively impact the fetus, including herpes, rubella, and AIDS. Herpes virus is one of the most common maternal diseases and can be transmitted to the fetus, leading to deafness, brain swelling, or mental retardation. Women with herpes virus are often encouraged to deliver via cesarean to avoid transmission of the virus. The prenatal period is a time of tremendous growth and also great vulnerability. As you have seen, there are a number of dangers that can pose a potential risk to the growing fetus. Some of these dangers, such as environmental risks from teratogens and drug use, can be prevented or minimized. In other instances, genetic problems may simply be unavoidable. In either case, early prenatal care can help new mothers and children cope with potential problems with prenatal development. Stages of Prenatal Development
Thursday, May 21, 2020
Vietnam and The Cold War Essay - 1299 Words
Vietnam and The Cold War It is impossible to accurately describe the major events that occurred during the cold war without mentioning the war in Vietnam. From its start, this war has been very controversial concerning its purposes and effects on the countries involved. Both sides of this war lost a great number of soldiers and most of these men and women were not even sure why they were fighting. To this day, there is still a lot of uncertainty about the events that took place during this heated time in south Asia. One of the biggest questions raised is why the United States felt it was their responsibility to ever got involved and what were they trying to gain by sending in their troops. A look at the history of the cold war andâ⬠¦show more contentâ⬠¦From the beginning of his term, Diem felt that North Vietnam was planning to forcefully take over South Vietnam. Diem began to arrest anyone who was suspected of being a Communist. Soon after, North Vietnam began attempting to reunify Vietnam through p olitical means, and not through the use of violence. After this proved to be an unsuccessful attempt, North Vietnam and the Communist Party finally approved the use of violence to overthrow Ngo Dinh Diems government. The National Liberation Front (NLF) was thus developed by the Communists, allowing anyone who was against Diem and for the unification of Vietnam to join to join their alliance. After noticing that South Vietnam was on shaky ground, President Kennedy decided to send in a limited number of troops to aid Diem and his government. However, Diem began to lose popularity among his people and eventually he and his brother were assassinated. Three weeks after the deaths of these two leaders, President Kennedy was assassinated. President Lyndon B. Johnson decided more action needed to be taken in South Vietnam and, after two U.S. ships were destroyed in the Gulf on Tonkin, Johnson and his administration began to order air attacks upon the North Vietnamese (the U.S. referred to them as the Vietcong). Soon afterwards, the NLF attacked two U.S. army installations in South Vietnam and, as a result, Johnson orders bombing missionsShow MoreRelatedThe Vietnam War And The Cold War1494 Words à |à 6 Pages When examining the Vietnam War you must first understand the involvement of the events surrounding the Cold War. The ââ¬ËVietnam Warââ¬â¢ as it is known is a product of the cold war era, by this I mean that events in the Cold War led to the USââ¬â¢s involvement and creation of issues causing the conflict. ââ¬Å"The Vietnam War was a long, costly armed conflict that pitted the communist regime of North Vietnam and its southern allies, known as the Viet Cong, against South Vietnam and its principal ally, the UnitedRead MoreThe Vietnam War And The Cold War1709 Words à |à 7 Pagesseries on the topic of the Cold war but today we will be exploring the Vietnam War into detail. The topic that will be discussed tonight is that towards the end of the twentieth century the amount of democratic countries had quintupled. This was not expected at the beginning of the twentieth century. Now the question is Did the US use the cold war to further spread democracy to other countries and a lso contain the spread of communism? We will be exploring how the Vietnam War had an effect on this. JustRead MoreThe Vietnam War And The Cold War946 Words à |à 4 Pagesthe masculinity of America, white prowess, and the professional look, in a sense plagued America and beyond. Also, the United State s government was war hungry, after WW2 we put ourselves in conflicts: the Korean War, Vietnam War, and the Cold War. These were truly scary times for the people. Fast forward to the 70 s, the Vietnam War, and the Cold War is still taking a toll on our country. Everyone was sick of this and the youth did not want a fight for simply just adding toll numbers to death. ThisRead MoreThe Vietnam War Of The Cold War1419 Words à |à 6 PagesThe Vietnam war started as a U.S. strategy of authority in times of the cold war, which was directed to prevent the advancement of communism in the world. The War had begun in 1954, after the rise of power with Ho Chi Minh and his communist Viet Minh pa rty in North Vietnam, and continued against the backdrop of an intense Cold War against the United States and the Soviet Union. More than 3 million people were killed, including 58,000 Americans. In 1975, communist forces took control of SaigonRead MoreThe Vietnam War During The Cold War928 Words à |à 4 PagesIntro The Vietnam War, also known as the Second Indochina War, occurred from November 1, 1955 to April 30, 1975. The war was during the cold war era. This brutal 19 year war was fought mainly between North Vietnam, supported by the soviet union, and South Vietnam, supported by The United States of America. The U.S. government s goal of the war was to prevent South Vietnam to be labeled as a communist country. However, North Vietnam had their reasons for the war as well. Vietnam believed they shouldRead MoreVietnam During The Cold War1129 Words à |à 5 PagesVietnam resembles the shape of a seahorse that stretches southeast into the Pacific Ocean; Vietnam is known as to as the ââ¬Å"balcony of the Pacific.â⬠By way of its water transportation links that were developed prior to rail and road networks, Vietnamese migration pressed southward (Nam Tien) along the coast. (Taus-Bolstad, 2006) Distinct regions meant that trade was more than a means to establish national unity within a di spersed settler society. (Taus-Bolstad, 2006) A geographical division of resourcesRead MoreCommunism Of The Vietnam War And The Cold War1181 Words à |à 5 PagesCommunism is an ideology that has a very long history more than one-third of the globe. This ideology is followed by Russia, Cuba, Laos, China, North Korea, and Vietnam. This ideology is the source of many revolutions and conflicts throughout the history likes the English Civil War, the Bolshevik Revolution, the Vietnam War, the Korea War and the Cold War. However, what makes Communism different from other ideologies is its origin, its policy, and its effects on the poor and the working class. CommunismRead MoreVietnam War : A Cold War Era Conflict2301 Words à |à 10 PagesVietnam Conflict The Vietnam War was a Cold War-era conflict that started in 1946 and ended in 1974, taking nearly 30 years to resolve. The war was fundamentally a conflict between North Vietnam and South Vietnam, where the North was communist and South was not. The United States, France, the United Kingdom and other non-communist allies supported the non-communist South Vietnam. China, Russia (USSR), Cuba, Cambodia and other Communist allies supported the regime in the north. North Vietnam saw theRead MoreThe Vietnam War and its Subsequent Ties to the Cold War Essay2491 Words à |à 10 PagesThe Cold War was a prolonged period of political and military tension between countries on the side of democracy and those on the side of communism, the major players being the United States belonging to the former and the Soviet Union belonging to the latter (Westad). While the Cold War was known as such because there were no direct wars between the two major powers, there was large scale fighting in Vietnam. The Vietnam War (1954-75) is thought of as a historical consequence of the Cold War andRead MoreWhat Did The Vietnam And Cold War Influence The Lyrics Of Emerging Music?2047 Words à |à 9 Pageswhat extent did the Vietnam and Cold War influence the lyrics of emerging music? The highlighted focus of the investigation will be directed towards the cause and consequences of the wars and lyrics sung by Canadian artists within the Sixties. This investigation will be supported through the analyzation of the following documents; Canadaââ¬â¢s Humans Right History: The Sixties (History of Rights) and; Vietnam War and Cold War (TheCanadianEncyclopedia). Subsequently, the lyrics and wars will be analyzed
Wednesday, May 6, 2020
Utopia on the Horizons of Time in Lukácss The Theory of...
Utopia on the Horizons of Time in Lukà ¡css The Theory of the Novel Time is a pivotal term in Georg Lukà ¡css The Theory of the Novel for two reasons: the texts time describes the time of the novel (the time depicted in novels as described by Lukà ¡cs), but it also bears reflexively on the chronology, or the history of literary forms, which the text itself describes. These readings are not easily separable; The Theory of the Novel must be read as a self-description, as a theoretical novel itself (as Freud called Moses and Monotheism), though one whose plot is about the history of forms or the development of plot in human history. That is, both meanings of the titles double genitive must be sustained in a reading of this text; we mustâ⬠¦show more contentâ⬠¦This philosophical periodicity was lost in later times. Artistic genres now cut across one another, with a complexity that cannot be disentangled, and become traces of authentic or false searching for an aim that is no longer clearly and unequivocally given... (40-41) The philosophical periodicity of the Greeks was lost in later times. But this account is itself a periodization of literary or philosophical history, albeit one that declares its own impossibility. It is a neat paradox: we live after the end of history, Lukà ¡cs seems to be saying, but this is demonstrated by a historical argument. It has become impossible to narrativize the unfolding of form, to disentangle the knotted threads of chronology which once ran side by side in the old parallelism. One can no longer produce a coherent account of the history of genres, because they overlap spatially and exist simultaneously. The loss of immanent meaning or narrative is marked by the divorce of history from the philosophy of history, the fact that history is no longer immediately lived in by its subjects; action must be mediated through thought. It is a deceptively simple story, but one whose plot deals with the very impossibility of telling stories. The day of a simple history of forms is over; its sun has set, casting the Greeks sundial of the mind into shadow, and its fundamental image is no longer visible on the
Woman for President Free Essays
I think a woman should be president of the United States because it greatly shows that a woman can do anything a man can do. I think unless you give a woman a chance to be president you wonââ¬â¢t know if a woman could make a good president or not. I believe if a woman became president it could lower the discrimination of women throughout the world. We will write a custom essay sample on Woman for President or any similar topic only for you Order Now I also feel if a woman became president it could increased equality between men and women. If a woman was president I think if there was a problem she could talk about it and make a good decision to handle it. A woman should be president because discrimination against women could change a lot. It would show a great deal of people that a woman is capable of running a country. It could show people throughout the world that if a woman can run a developed country like the United States, a woman can do anything. I also think it would be a positive change throughout the entire country. It would be a big change because normally you would see a man doing such a high power job. This proves that if a woman is president more women would be less worried to do a job because of getting discriminated against. A woman should also be president because it would increase equality between men and women. It could start to reveal that men are more accepting of women and vice-versa. This doesnââ¬â¢t mean that men and women will get along happily ever after but it does mean that men and women can try to get along much more easily with a for woman president. This proves that if a woman is president this could improve men and women getting along for the better of the country. A woman should be president because a woman could be more understanding to people in need. A woman for president could do more in giving people what they want in a fair matter. I think if faced with a problem and woman would think and talk about it much more thoroughly than a man would. In recent years male presidents have resulted into poor decision-making when faced with a problem, such as war, and violence. This proves that if a woman is president she could handle problems in a less violent and better way. Overall I think a woman should be president. I think a woman could run the United States of America much better than a man. A woman for president could decrease discrimination of women by showing that a woman can do anything a man can do. A woman for president could increase equality between men and women. A woman as a president can affect the United States in a positive way. Overall I think a woman should and can be president if she has the right qualifications. How to cite Woman for President, Papers
Saturday, April 25, 2020
Market elasticitys in banking industry
Table of Contents Introduction Price Elasticity of Markets in the Banking Industry Proportionate change in price Income Elasticity of Markets Proportionate change in income Cross elasticity of markets Bibliography Introduction Elasticity of demand refers to the ââ¬Å"degree to which quantity demanded changes due to a change in price or any other factors that influence the demand for the productâ⬠(Hall 2). There are three types of elasticity of demand which include price elasticity of markets, income elasticity of markets, and cross elasticity of markets.Advertising We will write a custom essay sample on Market elasticityââ¬â¢s in banking industry specifically for you for only $16.05 $11/page Learn More The banking industry generates its income mainly from charging interest rates when lending loans and mortgages, foreign exchange dealings, and other money market factors. Price Elasticity of Markets in the Banking Industry Price elasticity of markets ââ¬Å"refers to the degree of change in quantity demanded or supplied of a commodity due to a change in price of the commodityâ⬠(Hall 10) The formula is: P.E.D = proportionate change in quantity demanded or supplied Proportionate change in price Price elasticity of markets in the banking industry influences such issues as foreign exchange, housing, mortgages and also issues of lending rates. For example, the housing industry consists of houses that are already in the markets for sale, and those buyers would be willing to purchase. Factors that influence the economy would influence the lending rates to be used. If there is an excess demand for the homes, prices would increase, as a result. Since people always purchase hoses, it makes the price elasticity to be highly elastic. When factors influencing the economy, such as inflation, grow, the lending rate has to be increased to discourage people from borrowing. The general prices would also increase due to the inflatio n, thus, lowering the quantity demanded.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Mortgage interest rates affect the price elasticity of houses. When the prices are low, consumers demand more homes since they donââ¬â¢t shy away from the prices that are offered. Price elasticity of markets influences interest rates, and would influence the monetary and fiscal policies. Interventions of monetary and fiscal policies may have an effect of a downturn or may boost the economy depending on the lending rates. Income Elasticity of Markets Hall describes income elasticity of markets as the responsiveness of the quantity demanded and supplied due to the change in the consumerââ¬â¢s real income while keeping other factors constant (p, 10). It is calculated as Y.E.D=proportionate change in quantity demanded Proportionate change in income The income elasticity of markets has an effect on the deposit and lending decisions of the economy. Households earning high incomes would deposit more in both the depository and non depository institutions. Factors of the banking industry influencing spending ability, such as taxation and lending rates would have major influences. An increase in interest rates would stimulate more savings and people would spend less. Interest rates also have an effect on the cost of funding operating debt schemes, such as bank loans and mortgages. For instance, an increase in the lending rates will shift the funds of consumers towards the high mortgage and loan payments, and they would shy away from spending. Cross elasticity of markets Hall calls cross elasticity as the responsiveness of quantity demanded of a product x due to change in price of related product y. These products can either be substitutes or complementary (13). Consumers are increasingly choosing to obtain loans from non-depository institutions. According to the current statistics, on ly 41 % of consumer loans were taken from depository institutions. This shows the substitution effect of cross elasticity of markets (13).Advertising We will write a custom essay sample on Market elasticityââ¬â¢s in banking industry specifically for you for only $16.05 $11/page Learn More Bibliography Hall, Pamela. Microeconomic Theory in Markets. New York: Penguin, 2009. Print This essay on Market elasticityââ¬â¢s in banking industry was written and submitted by user Vivienne Wall to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Wednesday, March 18, 2020
Comparing and Contrasting the Significant Aspects of Machiavellis Political Philosophy Vis a Vis Those of Hobbes, Rousseau and Montesquieu
Comparing and Contrasting the Significant Aspects of Machiavellis Political Philosophy Vis a Vis Those of Hobbes, Rousseau and Montesquieu Introduction Niccolo Machiavelli was born in Florence, Italy, on May 3, 1469. He was a political philosopher and diplomat during the Renaissance period, who became famous for his political discourse ââ¬Å"The Princeâ⬠published in 1513 that is a keystone to modern political philosophy. It is this piece of work that made him be aptly referred to as the father of modern political theory.Advertising We will write a custom essay sample on Comparing and Contrasting the Significant Aspects of Machiavelliââ¬â¢s Political Philosophy Vis a Vis Those of Hobbes, Rousseau and Montesquieu specifically for you for only $16.05 $11/page Learn More This essay aims at bringing out the similarities and contrasts of Niccolo Machiavelliââ¬â¢s viewpoint with those of Hobbes, Rousseau and Montesquieu, who are also meant to be renowned philosophers. This will in turn vary the significance of their contributions towards the development of the study of political theory. T o achieve this end, I will systematically divide this paper in three sections. Firstly, I will endeavor to highlight the significant aspects of the political philosophy advocated by each of the four philosophers. Secondly, I will attempt to bring out the shared similarities and divergent perspectives between them and lastly buttress the importance of their efforts in the advancement of the field of political philosophy. Starting with Machiavelli, it is clearly evident in his manuscripts that he favored policies that would encourage self preservation tendencies of the ruling elite. He came up with strategies that would distract the subjects into focusing entirely on self advancement and aggrandizement thereby, warding off mass political activism (Machiavelli, 35-56). The Renaissance period in Italy when political standoffs were intense and violent pitting dominant states, like the Papacy, Florence, Naples, Milan and Venice, against each other inspired him to develop his theories most ly captured in The Prince. Machiavelli also believed that for any survival of a state, a virtuous and patriotic spirit should be engendered in its citizenry, especially in the politically active ones, and that a government is made strong by tussles triggered by open debate and participation. The adjective ââ¬Å"Machiavellianâ⬠has been used in a derogatory way since that time as a fitting description of a cunning and a self serving politician. Thomas Hobbes Thomas Hobbes is also widely regarded as one of the greatest political philosophers of all time. The complete expression of Hobbess philosophy found in his leading works ââ¬ËLethiavanââ¬â¢ begins with a clearly materialistic description of human nature and knowledge. It gives a firm deterministic account of human preference and a cynical vision of the consequently natural state of human beings in the unending struggle with each other.Advertising Looking for essay on philosophy? Let's see if we can help you! Ge t your first paper with 15% OFF Learn More According to Hobbes, it is an attempt to break off from this state of affairs, thus we should form the commonwealth and surrender our own powers to the authority of supreme sovereignty. That is why as far as Hobbes was concerned, individual obedience to whatever form of government with the reigns of power was necessary in order to forestall the greater evil of war (Hobbes, 48-104). Jean-Jacques Rousseau Jean Jacques -Rousseau was born in Geneva on June 28, 1712. Rousseaus most dominant work is ââ¬Å"The Social contractâ⬠that describes the relationship of man with society. In the work, he describes the state of nature as that which lacks for morality and that is lawless. According to this philosopher, morality and politics go hand in hand, and none can be separated from the other. In this case, the lack of morality within a state results into the virtuous malfunction of that state making it loose its right to genuinely rule over the public. Another key principle brought out by Rousseau is that of freedom and which he believes the state must preserve (Rousseau, 98). Rousseau also argues that the growth of science and art did not benefit man in any way. On the contrary, he believed that the advancement of such knowledge would only reduce the liberty of man and lead to the rise of a powerful government. According to this philosopher, such advancement brought about fear, suspicion and jealousy (Rousseau, 170). Charles de Secondat Montesquieu Another great political philosopher of high standing was Montesquieu who was regarded as the philosopher of Enlightenment. He saw autocracy and particularly despotism as a time bomb for any government exhibiting such dispositions. He was of the argument that this could be prevented only through the formation of a system whereby the various bodies practiced judicial, executive as well as the legislative power, and where these were also placed under the law. Montes quieu was also of the view that most laws in many countries could be made less oppressive, and in such a way, they would be not only liberal but also humane. He called for the eradication of slavery and religious discrimination which he believed should be replaced with commerce and trade (Montesquieu Lowenthal, 68). Comparison between the philosophers Having had an insight of the kind of philosophies that Machiavelli, Hobbes, Rousseau and Montesquieu advanced, we can, therefore, concur that all of them were of the same view in the establishment of a government and the maxim that should be attained by power as well as authority. In other words, each of them thought they had a remedy on how to run a successful government.Advertising We will write a custom essay sample on Comparing and Contrasting the Significant Aspects of Machiavelliââ¬â¢s Political Philosophy Vis a Vis Those of Hobbes, Rousseau and Montesquieu specifically for you for only $16.05 $11/page Learn More The philosophers agreed in the nature of man and in the desire to exist in a society that was ordered and dependent. Additionally, they held the same view of man as a conniving, evil and self-centered being whose greed and individualism had to be exploited to the advantage of the ruling class. Any stark contrasts in their theories can be attributed to the different periods, ideologies and circumstances each of them was finding during the time of their existence. In the case of Niccolo Machiavelli, for example, his life was mostly based on a period of upheaval in Italy. The upheaval can be attributed and described by the unrest, failed loyalties and many battles. On the other hand, Hobbes philosophy was mainly influenced by the civil war in England. This war had more influence than any other factors to the extent that most of his famous works were war based and intended to draw a correlation between the scientific revolution of that era and the development of politics. The three men can be seen to have far fetched influence ranging from the thirteenth century down to the eighteenth century. This has been recorded through their various highly noted vocations. Machiavelli, Hobbes, and Rousseau Montesquieu had many things in common though the word politics acted as the bridge between them. The men had differing ideas in the political arena. According to Machiavelliââ¬â¢s ideas, authoritarianism was the order of the day, the factor that could not merge with democracy. From their ideas, I can assert that the perfect view of a prosperous society falls amid Hobbesââ¬â¢s cynicism as well as Montesquieu optimism. Nowadays, it is a fact that Machiavelli, Hobbes, Rousseau and Montesquieu did not only influence, but shaped modern political theories by their views. Hobbes,Thomas. The Leviathan. Indianapolis: Hackett Pub, 1968. Print. Machiavelli,Niccolo. The Discourses on the First Ten Books of Livy. NY: Penguin Pub, 1984. Print.Advertising Looking for essay on philosophy? Let's see if we can help you! Get your first paper with 15% OFF Learn More Montesquieu, Charles de Secondat, Lowenthal, David. Considerations on the Causes of the Greatness of the Romans Their Decline. Indianapolis: Hackett, 1999. Print. Rousseau, Jean-Jacques. On The Social Contract. Indianapolis: Hackett, 1987. Print.
Monday, March 2, 2020
What Are The Best Jobs for Lazy People
What Are The Best Jobs for Lazy People People always say that you should do what you love and love what you do. But what if you love doingâ⬠¦ nothing? Or you just donââ¬â¢t love what you consider ââ¬Å"workâ⬠? Maybe itââ¬â¢s time to rethink what ââ¬Å"workâ⬠entails. Consider turning a hobby or a passion into a job. Or if youââ¬â¢re just truly lazy, maybe find something that requires very little effort for decent pay! It might not be glamorous, but if it suits you, then you might as well get off the hamster wheel and get paid for doing less.Here are 10à of the best-paying and most perfect jobs for lazy people- or those who just have different inclinations in the ââ¬Å"workâ⬠force.1. Bed/Amenities TesterYou too can get paid over a thousand dollars a month to examine and test amenities at hotels. See if the beds and pillows are comfy and the shampoos are luxurious enough- and collect a paycheck.2. Food TasterYou can actually make a decent salary by being a beer (or chocolate, or ice cream) tester. Seriously.3. Secret ShopperYou could work part-time at this, getting paid only in the services you test through your spying. But this line of work can also parlay into a real, well-paid, full-time career.4. TranslatorIf you speak another language (or just read) fluently, you can make over $100k a year translating from the comfort of your own home.5. Test SubjectThere are always medical students or laboratories needing test subjects for clinical trials. You might have to take experimental drugs or participate in suffer the occasional side effect, but you can make about $3k a month with almost no work. There are also sleep studies out thereâ⬠¦ so, you know, you could get paid for sleeping.6. TutorIf you have a special kind of knowledge or a skill that can be easily transferred and might be in demand, put yourself on the market to tutor. Youââ¬â¢ll make even more if you can tutor standardized tests to school students. You can be paid up to $50 per hour, depending on the subject. Even more flexible and requiring less education than actual teaching!7. MimeHey, to each her own. You donââ¬â¢t even need to speak for this job. If you have a rubber face and a bit of performance talent, then you can stand on street corners acting things out and rack up the cash.8. Video GamerLove to play video games? You can actually get paid- a handsome $50k per year- to try out new video games before they hit the market, looking for errors or inconsistencies to help the programmers work out all the kinks.9. BloggerIf you have something to say and an audience to say it to, you can make fairly good money on the internet these days. Work in your pajamas from your own laptop. Hate writing? Consider a video blog or podcast. Do well enough and you can even turn your platform into a business one day through advertising and sponsored posts.10. Dog WalkerIt seems silly, wandering around in parks with strangersââ¬â¢ dogs while everybody else is ââ¬Å"at work,â⬠but you could make up to $50 per hour walking dogs. Itââ¬â¢s a physical job, but does let you be outdoors and gets you out of the rat race. Plus, you get to play with dogs!Remember to think outside the box and figure out how you can turn things you already like doing into a job that will pay your bills. Different strokes!
Friday, February 14, 2020
Biographical approach to antheap Essay Example | Topics and Well Written Essays - 250 words
Biographical approach to antheap - Essay Example The main theme of the story focuses on how the two boys are able to sustain their friendship despite the tribulations that occur. According to Lessing (13), Macintosh who is a goldmine owner oppresses the Africans who work in their mines. The eviroment in which the Africans work are deplorable and the state of the mine continues to get dangerous (Lessing 20). Tommy, who is white, plays with black children despite the refutation from his mother. Tommyââ¬â¢s parents who are immediate neighbors to Macintosh refrain their sin from engaging with the black children ( Lessing 25). ââ¬Å"New Historicismâ⬠is a technique that critics utilize to examine skeptically the writers content. Critics tend to associate the books content to the authors character, which is not a concrete basis. The writerââ¬â¢s mannerisms can be autonomous of the information of his work. The happenings of an autobiographical subject, for example, Doris Lessing describes of the racial experience of black peop le in Zimbabwe through the troubles of small boys, while this is not reflective of the experiences of the author. She is of British descent and has spent a large fraction o her life in Europe away from the impediments that exist in Africa particularly Zimbabwe. This further emphasizes that the expression of the author cannot determine his character since she may utilize expressive language to sweeten the story. This approach of critics is speculative and no concrete authentication to the views the critic proposes can be verified. The language of a writer is not credible enough to warrant the biography as prejudicial. The biographical details should not be an estimation of the writerââ¬â¢s opinions on the written issues. In addition, some critics utilize less credible sources to disregard the information put forth by the author. Doris has written numerous fictional articles
Sunday, February 2, 2020
LAW OF INTERNATIONAL TRADE Essay Example | Topics and Well Written Essays - 3500 words
LAW OF INTERNATIONAL TRADE - Essay Example are deemed to be non-conforming, whether in terms of type or condition, the buyer has the right to sue and, on that basis, reject the goods.3 This is also emphasised in SOGA (1979) 14.2A and 14.2B, where the buyer is required to supply goods which meet the contractual description and which are in such a condition as would allow the buyer to use them for the purpose for which he purchased them.4 Articles 15(A) and 15(B) further defines the delivery of defective goods as a breach of contract which entitles the buyer to repudiate the contract.5 However, the circumstances of this particular case suggest that Sweet cannot be held liable for breach of contract while the carrier most likely can be. According to the facts of the case, Sweet delivered the shipper conforming goods. He further satisfied the reminder of his CIF obligations to the buyer, by insuring the goods, arranging for their delivery to the port agreed upon, providing the buyer with a reasonable delivery time,6 arranging for custom clearance and sending Baxwell the requisite documents. These are the obligations which a seller must satisfy as per both CIF and FOB terms.7 Just as CIF and FOB terms impose certain obligations upon the seller, they are equally articulate in their definition of the buyerââ¬â¢s obligations. Assuming that the seller has fulfilled his obligations, both CIF and FOB terms further stipulate that even if the goods are damaged, or lost, the buyer is obligated to pay for them and to accept delivery of goods at the port of destination.8 Therefore, as far as the case at hand is concerned, Baxwell is obliged to accept the documents, take delivery of the goods and satisfy his financial obligations towards Sweet. As established in Kwei Tek Chao (t/a Zung Fu Co) v British Traders Shippers Ltd (1954)9 the buyer can only repudiate the sale of goods contract and reject delivery of goods if the goods which the seller supplied were non-conforming, in type, condition or quality and not if
Friday, January 24, 2020
Another Masterpiece: Final Fantasy Goes Online :: Video Games Entertainment Essays
Another Masterpiece: Final Fantasy Goes Online Everyone who knows games, and even some who donââ¬â¢t, knows the title Final Fantasy. They may also know that it has been claimed the best RPG (Role Playing Game) series of all time. Most people also know that the company, Squaresoft, is the maker of this great series. Final Fantasy was nothing short of a miracle for Squaresoft when the first game came out. Squaresoft was about to go bankrupt when they decided to make one last game, a final game, which they decided to name Final Fantasy. Final Fantasy was either going to be their last game or it was going to save them. It did more than save them. It made them famous and rich. There have been more than 10 different Final Fantasy games released. Recently, Squaresoft joined with another gaming company called Enix. They have combined their names and are now called SquareEnix . They recently made the 11th installation of Final Fantasy, Final Fantasy XI. I recently picked up Final Fantasy XI to see if I would like it. Final Fantasy XI has taken a different turn than all the other Final Fantasy games of the series. Final Fantasy XI is a MMORPG, which means, massive multiplayer online role-playing game. In English terms, it is a game that can only be played on the Internet and where you interact with thousands of other people around the world. Of course there is a monthly fee that has to be paid which is a minimum of 13 dollars. Here is a review to help you decide if Final Fantasy XI is worth the money you have to pay to play it. First, I want to start of talking about the graphics. Compared to all the other MMORPG that are on the market, Final Fantasy XI beats them all. The graphics are amazing. The name of the Final Fantasy XI world is Vanaââ¬â¢diel. It is divided into several regions, which contains different zones. Each zone has a lot of estate to wander around on. Every area is very detailed and the character designs are simply wonderful. Every weapon and piece of armor has its own design. The environment around you is glamorous. When creating your character, you get to choose your race, hairstyle, type of face, and even how big you want your character to be.
Thursday, January 16, 2020
Study Guide Marketing Management Mba
Study outline schema question in preparation for final Exam MBA 531 1. What is marketing? Discuss the components of marketing? Marketing is the managerial function responsible for identifying and anticipating and satisfying customer requirements profitably. It is a multi-disciplinary subject. The best way to gauge its scope is to know the components of it. There are four components of Marketing: The offer The market, The system and The forces. The offer: An offer is the outcome of marketing activities of the firm.An offer includes product or service and allied conditions of offer precisely, it includes ââ¬Å"whatâ⬠, ââ¬Å"whoâ⬠and ââ¬Å"whyâ⬠and through ââ¬Å"whomâ⬠of the purchase. The Market: Market is the aggregate of forces or conditions within which buyers and sellers make decisions that result in the transfer of goods and services. In other words, it is the aggregate demand of the potential buyers for a commodity or service. The System: Marketing is co ncerned with the flow of goods and services from the points of production to the points of consumption. There is a systematic arrangement of these unctions of marketing to move the goods and services to the needy persons. The forces: The final component of marketing is to do with environment in which marketing takes place. It is taken as the final component because, environmental forces influence the nature and character of the ââ¬Å"offerâ⬠, ââ¬Å"marketâ⬠and the ââ¬Å"systemâ⬠. Environmental forces contribute to every aspect of change and adjustment in a marketing network. 2. What are the major Functions of Marketing? Explain Marketing functions: Marketing function is an act or operation or service by which original product and the final consumers are linked together.The functions of marketing are ââ¬Å"eyes and earsâ⬠of the business. Marketing is responsible for keeping the business in close contact with its environment and informed of events that influe nce its operations. Marketing functions are performed by the manufacturer and all middlemen in the machinery of distribution. 1 Marketing functions have been classified by different marketing experts in different ways. But the most acceptable and meaningful classification is as follows: Functions of Exchange 1. Buying 2. Selling 3. Pricing 4. Advertising 5. Sales PromotionFunctions of physical Supply 1. Transportation 2. Storage Facilitating functions 1. Financing 2. Risk-Taking 3. Marketing information 4. Marketing Research 5. Standardization & grading 6. Packaging 7. Branding 3. Explain the salient features of modern marketing? The following are the major features of Modern Marketing: 1. Modern marketing is consumer-oriented: in Modern Marketing what is offered for sale today is determined not by the seller at all. On the contrary, the seller takes the lead from the buyer what product is to produce to meet the demands of consumers.Therefore, the manufacturer can no longer determin e what the product should be without a close study of the needs and demands of the customer or user. It is more profitable as well as more responsible socially to find out when, where and what the people need and then set out to serve them efficiently. Thus, the modern marketing is not production oriented but customer-oriented. 2. Modern marketing starts and ends with the customer: Marketing starts and ends with the consumer, with information flowing from the consumer to the producer, and goods flowing back to the consumer from the producer.Under consumer oriented marketing, it is highly essential to know that the consumer really wants. This is possible only when proper information is collected 2 from the consumers. Therefore, to say that modern marketing starts and ends with consumer is true in all respects. 3. Modern marketing precedes and succeeds production: All organizations accept that the marketing activities start far ahead of production. It is not enough if the activities a re begun after the product is ready. The firm appreciates and understands the consumerââ¬â¢s strategic osition as a determinant of the firmââ¬â¢s survival and growth. In firms operating under the marketing concept, entire marketing is designed to serve consumer needs. 4. List out the various marketing concepts and suggest the one suitable to Ethiopia? There five types of marketing concept orientations that can be followed by the business firms to market its good or service. These orientations are Production concept: consumers will favor products that are affordable and available. Therefore organizations should increase their production and distribution efficiency.Product concept: consumers favor those products which offer high quality, performance and innovative features. Therefore, marketing strategy should focus on continuous product improvement. Selling concept: consumers will not buy the products unless the firm undertakes large-scale selling and promotion effort. Therefor e, the aim is to sell what the company makes rather than what the market wants. Marketing concept: achieving organizational goals depends on knowing the needs and wants of target markets and delivering the desired satisfaction better than the competitors.Under this concept, customer focus and value are the paths to sales and profits. Therefore this is a customer-centered concept. The job is not to find the right customers for your product but to find the right product for your customers. Social marketing concept: the marketing strategy should deliver value to customers in a way that maintains or improves both the customerââ¬â¢s and the societyââ¬â¢s well-being. Therefore itââ¬â¢s similar to the Marketing concept but adds the focusing on societyââ¬â¢s well-fare. So there are three considerations underlying the social marketing 3 oncept: Consumers Satisfaction, Companyââ¬â¢s Profit and Societyââ¬â¢s Welfare. Considering the different aspects of these marketing concep ts and the economic structure of Ethiopia, I suggest that the production concept works for countries like Ethiopia who have huge labor force and abundant natural resources. The Managers, under production-concept, focus on achieving high production efficiency, low costs, and mass distribution. Therefore, it makes sense in developing countries like Ethiopia where consumers are more interested in obtaining the product than in its features.Manufacturing firms take advantage of the country's huge inexpensive labor force to achieve market expansion through production efficiency, low cost, and be successful in todayââ¬â¢s competitive market. 5. ââ¬Å"Marketing begins with consumers and ends with consumersâ⬠. Discuss. Marketing starts and ends with the consumer, with information flowing from the consumer to the producer, and goods flowing back to the consumer from the producer. Under consumer oriented marketing, it is highly essential to know that the consumer really wants. This is possible only when proper information is collected from the consumers.Therefore, to say that modern marketing starts and ends with consumer is true in all respects. 6. What do you mean by ââ¬Å"integrated marketing conceptâ⬠? What are its outstanding attributes? The management functional areas are interdependent and not independent. The marketing functions influence production, finance, personnel, and in turn is influenced by these functions. The various departments in the company must recognize that the activities they take may have profound effect on the companyââ¬â¢s ability to create and retain customers.When all the departments of the firm work together for customer interest, it is integrated marketing. The modern marketing concept or integrated marketing concept is the best concept because it is characterized by the following attributes of integrates: A. consumer orientation, B. consumers Satisfaction, C. integrated Managerial action and D. Realization organizational goals. 7. Distinguish between Marketing and Selling. 4 Marketing is social process by which groups and individuals obtain what they need and want through creating, offering and freely exchanging something of value with others.Whereas selling is the process of exchange of something of value to another which leads increasing the volume of sales of goods and services through different mechanism. In selling, the company make sale what is easily made by the company but not what consumer wants. But in marketing, the company sells what the consumer wants. Therefore, the difference between marketing and selling is the differences exist between in selling and marketing orientation concept. 8. What is ââ¬Å"marketâ⬠what are the differences between market and Marketing? A market is the set of actual and potential buyers of a product.These buyers share a particular need or want that can be satisfied through exchange. Thus, the size of a market depends on the number of people who exhibit the need, have resources to engage in Exchange, and are willing to offer these resources in exchange for what they want. Whereas; marketing is a set of activities under taken by the company to identify, anticipate and satisfy the consumerââ¬â¢s requirement and meet them profitably. 9. What is a ââ¬Å"marketing-mixâ⬠? Discuss its elements or inputs Marketing mix is the set of marketing tools that the firm uses to pursue its marketing objectives in the target market.These tools Classified into four broad groups that are usually kwon four Ps of marketing mix: are product, price, place, and promotion. Product is something to be offered to the market with different varieties of forms, quality, and size and so on. Price is the return for the product or service offered to consumer Place is the availability of offers at convenient location for the consumer. Promotion is the process of an attempt to increase the sales by convincing and persuading consumers to buy the product. 10. D efine marketing micro-environment. Discuss the components of marketing micro-environment.Micro environment is the forces which are close to the firm. These factors affect the firm's ability to serve its customers and it surrounds both the firm and the marketing mix. The forces in micro environment directly influence marketing manager's decisions and actions through their influence on consumer's reactions toward the firm's marketing mix and mixes. The 5 company itself (including departments), Suppliers, Marketing channel firms (intermediaries), Customer markets, Competitors and Publics. 11. Explain the impact of the following on the marketing management of a firm: a. demographic environment . economic environment c. Social environment d. Cultural environment Macro environmental forces that shape opportunities and pose threats to the company. A. Demographic environment: Demography is the study of human populations in terms of size, density, location, age, sex, race, occupation, and ot her statistics. It is of major interest to marketers because it involves people and people make up markets. B. Economic Environment: Markets require purchasing power as well as people. The available purchasing power in an economy depends on current income, prices, savings, debt, and credit availability.Marketers must pay careful attention to trends affecting purchasing power because they can have a strong impact on business. Marketers must carefully monitor economic changes so they will be able to prosper with the trend, not suffer from it. C. Socio-Cultural Environment: The cultural environment is made up of institutions and other forces that affect societyââ¬â¢s basic values, perceptions, preferences, and behaviors. Certain cultural characteristics can affect marketing decisionmaking. Some cultural values and beliefs are open to change, therefore, marketers want to spot them and be able to apitalize on the change potential. 12. Comment on the marketing environment in Ethiopia? Marketing decisions are strongly affected by developments in the political and legal environment. This environment is composed of laws, government agencies, and pressure groups that influence and limit various organizations and individuals. Sometimes these laws also create new opportunities for business. 13. What do you mean by ââ¬Å"environmental scanningâ⬠? What are the different stages in environmental scanning? Marketing Environmental scanning refers to possession and tilization of information about occasions, patterns, trends, and 6 relationships within an organizationââ¬â¢s internal and external environment. It helps the managers to decide the future path of the organization. Scanning must identify the threats and opportunities existing in the environment and an organization must take advantage of the opportunities and minimize the threats. 14. Discuss the marketing strategies a. Offensive Marketing strategy Firms engage in offensive marketing strategies to improve th eir own competitive position by taking market share away from ivals. Offensive strategies include direct and indirect attacks or moving into new markets to avoid incumbent competitors. Offensive marketing strategies take many forms from flanking attacks or bypassing the competition to all-out frontal attacks intended to defeat the competition with all available means at the attackerââ¬â¢s disposal Offensive Strategies are Frontal attack, flanking attack, Guerrilla attack, encirclement strategy, predatory strategy, Seek undefended markets, underdog strategy, Judo strategy and pivot and the hammer strategy b. Defensive StrategyBecause of ongoing rivalry, established firms need to engage in defensive strategies to fend off the various challengers. The primary purpose of defensive strategy is to make a possible attack unattractive and discourage potential challengers from attacking another firm. Defensive strategies work better when they take place before the challenger makes an inve stment in the industry, or if they enter the industry before exit barriers are raised, making it difficult for the challenger to leave the industry. There are two types of defensive marketing strategies. Pre-entry strategies are actions taken by incumbents before they are ttacked by challengers. Defensive marketing strategies may also take the form of post-entry actions that are initiated after the challenger has entered the market Defensive Strategies are classified as Pre-entry strategies are Signaling, Fortify and defend, Cover all bases, Continuous improvement and Capacity expansion. Post-entry strategies are Defend position before entrant becomes established; Introduce fighting brands and Engage in cross-parry 7 c. Niche marketing strategy: A niche is a more narrowly defined customer group seeking a distinctive mix of benefits.Marketers usually identify niches by dividing a segment into sub segments. The customers in the niche have a distinct set of needs; they will pay a premi um to the firm that best satisfies their needs; the niche is not likely to attract other competitors; the nicher gains certain economies through specialization; and the niche has size, profit, and growth potential. 15. Evaluate the role, scope and importance of Marketing Information System. In order to produce superior value and satisfaction for customers, companies need information at almost every turn.Good products and marketing programs begin with a thorough understanding of consumer needs and wants. Companies also need abundant information on competitors, resellers, and other factors and forces in the market place. Increasingly marketers are viewing information not just as an input for making better decisions, but also as an important strategic asset and a marketing tool i. e As a competitive advantage Market information includes all facts, estimates, opinions and other information used in marketing decisions, which affects the marketing of products.Therefore, the success of a p roducer or a merchant depends upon the knowledge of the demands of his product or products in the market. 16. What are the various stages through which the marketing research is organized? Briefly describe them. Marketing research is the systematic method of gathering, recording, analyzing and reporting of data and finding a solution relevant to specific marketing situation facing the company. â⬠Marketing research process is a set of six steps which defines the tasks to be accomplished in conducting a marketing research study. : Problem Definition: takes into account the purpose of the study, the relevant background information, what information is needed, and how it will be used in decision making. . 2: Development of an Approach to the Problem: includes formulating an objective or theoretical framework, analytical models, research questions, hypotheses, and identifying characteristics or factors that can influence the research design. . 3: Research Design Formulation is a fr amework or blueprint for conducting the marketing research project. It details the procedures necessary for obtaining the required information. : Field Work or Data Collection involves a field force or staff that operates in the field to collect data. 8 5: Data Preparation and Analysis: This is a process of concerned with the conversion of row data into information. 6: Report Preparation and Presentation: The findings should be presented in a comprehensible format so that they can be readily used in the decision making process. 17. Distinguish clearly between marketing research and Market research? Market research deals specifically with the gathering of information about a market's size and trends.Market research is the research that may be done into a single market, focusing on the size and trends in that market. Marketing research covers a wider range of activities. While it may involve market research, marketing research is a more general systematic process that can be applied t o a variety of marketing problems. 18. What do you mean by ââ¬Å"Market Segmentationâ⬠? Explain its objective and importance. Market segmentation is classification of large market in to smaller reachable target markets based on their similar wants, purchasing power, and geographical location, buying attitudes, or buying habits.The main objectives of segmentation of market is to prepare different programs and strategies for all segments so that maximum satisfaction may be provided to all the consumersââ¬â¢ of these segments, and the object of earning maximum profit may be achieved. 19. Clearly distinguish ââ¬Å"Market Segmentationâ⬠and ââ¬Å"Product differentiationâ⬠Product differentiation A marketing process that looks to make a product more attractive by contrasting its unique qualities with other competing products. Successful product differentiation creates a competitive advantage for the seller.Physical products may vary in their Form, Features, Performanc e, Conformance, Durability, Reliability, Repair ability, Style & Design. Whereas, Market segmentation is classification of large market in to smaller target markets based on their similar wants, purchasing power, and geographical location, buying attitudes, or buying habits. 20. Explain different market coverage strategies which can be adopted by marketers. 9 21. ââ¬Å"There is close relationship between market segmentation and marketing mixâ⬠Discuss. 22. Define ââ¬Å"Productâ⬠and explain its essential features and importance.Product is something that can be offered to the market to satisfy the customerââ¬â¢s need. A product can be tangible and intangible which would be good, service, an idea, information, experience, place and person that satisfy the needs of the consumer. Physical products may vary in their Form, Features, Performance, Conformance, Durability, Reliability, Repair ability, Style & Design. 23. Briefly discuss the various types of consumer goods and their characteristics. Consumer goods are goods that are bought from retail stores for personal, family, or household use. They are grouped into three subcategories on the basis of consumer buying habits:I. Convenience goods II. Shopping goods and III. Specialty goods. I. Convenience Goods are items that buyers want to buy with the least amount of effort, and most are nondurable goods of low value that are frequently purchased in small quantities. II. Shopping Goods are purchased only after the buyer compares the products of more than one store or looks at more than one assortment of goods before making a deliberate buying decision. These goods are usually of higher value than convenience goods, bought infrequently, and are durable. Price, quality, style, and color are typical factors in the buying decision.III. Specialty Goods are items that are unique or unusualââ¬âat least in the mind of the buyer. Buyers know exactly what they want and are willing to exert considerable effor t to obtain it. These goods are usually, but not necessarily, of high value, and they may or may not be durable goods 24. What is ââ¬Å"Product life cycleâ⬠? Discuss different stages of the concept with implications. The stages through which individual products develop over time, begins with the introduction of the product, and then it moves on to the growth stage, the maturity stage, and ends with a decline in the product's sales.This process productââ¬â¢s life cycle -period usually consists of five major steps or phases: 1) Product Development begins when the company finds and develops the idea of a new product. In this stage, sales are zero and investments costs are high. 10 2) Introduction is a period of slow sales growth and no profits as the product is introduced in the market. 3) Growth is a period of rapid market acceptance and increasing profits. 4) Maturity is a period of slowdown in sales and profits decline. 5) Decline is a period when sales fall off and profits drop. 25.Explain the marketing strategies which may be adopted during the lifecycle of a product. Marketing strategies during the life-cycle of a product Marketing strategies during product life cycle Introduction stage Rapid Skimming strategy, slow skimming strategy, Rapid penetration strategy and slow penetration strategy, Distribution arrangements are introduced, Aggressive pricing Growth stage Product improvement, new models are developed, Enters new market segment, Enlarges distribution channels etc. , barriers are licenses and copyrights, price discount Maturity stageConvert nonusers, Enter new market segments, Win Competitorââ¬â¢s customers etc, Marketing mix modifications in Prices, Distribution, Advertising, sales promotion, personal selling, service, new brands are introduced, Promotion and advertising relocates from the scope of getting new customers, to the scope of product differentiation in terms of quality and reliability. 26. Explain the factors affecting the lif e-cycle of a product. Marketing and non-marketing factors contribute to new product failures. Researchers through several studies on new product success and failure described seven critical marketing factorswhich sometimes overlap. . Insignificant point of difference A distinctive point of difference is essential for a new product to defeat competitive ones-through having superior characteristics that deliver unique benefits to the user. 2. Incomplete market and product definition before product development starts A new product needs a precise statement before product development begins. Identifies a well-defined target market, specific customerââ¬â¢s needs, wants, and preferences; and what the product will be and do. Without this precision, huge amount money will be lost in research and development. 3. Too little market attractiveness 1 Market attractiveness refers to the ideal situation every new product manager looks for: a large target market with high growth and a real buyer need. 4. Poor execution of marketing mix 5. Poor product quality in critical factors One or two quality factors can kill the product, even though the general quality is high. 6. Bad/poor timing of the product The product is introduced too soon, too late, or at a time when consumer tastes are shifting dramatically. 7. Non economical access to buyers Many small manufacturers simply do not have the money to gain effective exposure for their products. 7. Explain the meaning and benefits of product diversification. What are the advantages and disadvantages of product diversification? Product diversification, Advantage, disadvantage Product diversification is a policy of management philosophy of operating a company so that its business and profits came from a number of sources, usually from diverse products that differ in market or production characteristics. Precisely, when a manufacturer or a distributor manufactures or distributes more than one product, it is known as ââ¬Å"Product d iversificationâ⬠.Advantages of product diversification Product diversification strategy brings in its wake some distinct advantages. They are: 1. Profit maximization: Product diversification increases the products and product types in the product port-folio of the concern. On account of increases in the number of products, it is possible to reduce the area of fringe market and the zone of indifference in the total market of a company and match larger number of consumer self-images. This product market integration brings in more profit caused by improved situation. 2.Growth with stability: New products in the companyââ¬â¢s basket will enable it to exploit new markets and meeting the requirements of established markets in much better way than before. Increased market share is further sustained as the product-line is thoroughly overhauled to meet the changing requirements of the consumers. It 12 guarantees growth with stability because, it estimates seasonal and cyclical fluctu ation in demand and supply. 3. Long-term measure: Product diversification is not a shortterm measure which has far reaching and more durable influence on a companyââ¬â¢s future.It requires adequate planning and due care and caution as it is likely to be misused. Disadvantage/ Weaknesses The most serious weaknesses or disadvantages are as follows: 1. Huge Investment: Any proposal for product diversification involves considerable investment of corporate resources in developing the necessary manufacturing and marketing activities. It is not easy to procure finances required for diversification purposes. 2. Risk-ridden: The risks involved in diversification strategy are in no way small.Though the diversification plan is undertaken to move up from the low level profits to high level, the dream remains dream because, consumer preferences change, competitors introduce close substitutes for the diversified products, and the government policies change. All these are sure to mar the profit potentialities of the diversification plan. 3. Trap of full-line competition: The trap of full-line competition is also a major drawback of the policy of diversification. Product diversification program involves addition of new products to the existing line to strengthen the competitive ability of the firm.With this effort to make the product portfolio full and complete, the firm is entering a trap which has no point of comeback. The competitors will not keep quite. They do add, hence, the firm adds again. It becomes a new war which is unmanageable and uneconomical at a point of time. The effect is sure collapse. 28. What is a ââ¬Å"new productâ⬠? What are the stages involved in new product development? New Product Development Strategy The development of original products, product improvements, modifications through the firmââ¬â¢s own R efforts. Idea Generation: New product development starts with idea eneration. Idea generation is the systematic search for new 13 product ideas. According to one management consultant, companies ââ¬Å"will run through 3000 ideas before they hit a winnerâ⬠. Internal Idea Sources: Using internal idea sources, the company can find new ideas through formal research and development by picking the brains of its executives, scientists, engineers, staff and salespeople. External Idea Sources: New product ideas also come from watching and listening to customers. The company can analyze customer questions and complaints to find new products that better solve consumer problems.Idea Screening: Idea generation creates large number of ideas. Idea screening reduces that number ââ¬â by spotting good ideas and dropping poor ones. Concept Development and Testing: A product idea is an idea for a possible product that the company can offer. A product concept is a detailed version of the idea stated in meaningful consumer terms. A product image is the way consumers perceive a product. Concept Testing: Concept testing calls for t esting new-product concepts with groups of target customers to find out if the concepts have strong consumer appeal. 29.What marketing strategies are employed while introducing a new product into the market? Marketing Strategy Development The next step is marketing strategy development. The marketing strategy statement consists of three parts: 1. The first part describes the target market, product positioning and sales, shares and profits goals. 2. The second part outlines the productââ¬â¢s planned price, distribution and marketing budget for the first year. 3. The third part describes long-run sales, profit goals and marketing mix strategy. 30. What is the ââ¬Å"Consumer adoption processâ⬠? Describe the stages in the process of consumer adoption process.Consumer adoption process Deals with the question how do potential consumers learn about new products, try them, adapt to them or reject them? Adoption is an individualââ¬â¢s decision to become a regular user of a produc t. Stages in the consumer adoption process: Adopters of new products have been observed to move through five stages: 1. Awareness stage:-the consumer become aware of the innovation but lacks some information about it 2. Interest stage:-the consumer is stimulated to seek information about the innovation. 14 3. Evaluation stage:-the consumer considers whether to try the innovation. 4.Trial stage:-the consumer tries the innovation to improve his or her estimate of its value. 5. Adoption stage:-the consumer decides to make full and regular use of the innovation. 31. What is ââ¬Å"pricingâ⬠? What are the major objectives of pricing? In the narrowest sense, price is the amount of money charged for a product or service. More broadly, price is the sum of all the values qthat customers give up in order to gain the benefit of having or using a product or service. A business firm can pursue any of the following major objectives through pricing: survival, maximum current profit, maximum m arket share or maximum market kimming. 32. Discuss briefly the procedure followed for determining the price of a product. Procedures followed in pricing Price denotes the value of product or service expressed in money. Price is a powerful marketing instrument. Price is one of the marketing-mix variables. Firms should be systematic in setting the prices. Certain logical steps are involved in the appropriate approach to pricing. The ultimate goal of price fixing process is to set a price that is compatible with the rest of the marketing mix. A systematic approach to pricing involves seven steps.These seven logical steps are: 1. Identifying the potential customer 2. Estimating the demand for the product 3. Anticipating competition 4. Determining expected share of market 5. Selecting suitable price strategy 6. Examination of firmââ¬â¢s marketing policies a. Product policy b. Channels of distribution c. Promotional policies 7. Selection of a specific price 33. Distinguish between skim ming price policy and penetration price. Marketing Skimming: Companies unveiling a new technology favour setting high prices to skim market revenue layer by layer.Market skimming makes sense under the following conditions: (1) A sufficient number of buyers have a high current demand; (2) the unit costs of producing a small volume are not so high that they cancel the advantage of charging what the traffic will bear; (3) the high 15 initial price does not attract more competitors to the market; (4) the high price communicates the image of a superior product. Whereas Market-penetration pricing is setting a low initial price in order to penetrate the market quickly and deeply- to attract a large number of buyers and win a large market share.The high sales volume results in falling costs, allowing the company to cut its price further. 34. Describe the chief pricing methods which are usually used to determine the price of a product. Methods of Product Pricing Companies select pricing meth ods that enable to reach a specific price for its product. The company usually considers customersââ¬â¢ demand, cost and the competitorsââ¬â¢ cost, price and offer in selecting the pricing methods. The company might use the following pricesetting methods: Mark up Pricing: is setting price by adding a standard mark-up or profit margin to the product's cost.Targeting Pricing; the firm determines the price that would yield its target rate of return on investment (ROI). Perceived Value Pricing: is setting price for their product based on the customer's perceived value, not the sellerââ¬â¢s cost as the key to price. They use non pricing variable in the marketing mix to build up perceived value in the buyersââ¬â¢ mind. Value Pricing: the company charges a fairly low price for a high quality offering. Value pricing says that the price should represent a high-value offer to consumers. Going ââ¬âRate Pricing: In going-rate pricing, the firm bases its price largely on competit ors' prices.Smaller firms ââ¬Å"follow the leader,â⬠changing their prices when the market leader's prices change rather than when their own demand or costs change. Auction-Type Pricing: Auction-type pricing is growing more popular; one major purpose of auctions is to dispose of excess inventories or used goods. In the auction type of pricing the auctioneer announces either minimum or the maximum price of a product and slowly increases or decreases until the bidder accepts the price. 35. What do you mean by ââ¬Å"price discriminationâ⬠? What are its objectives?Price discrimination occurs when a company sells a product or service at two or more prices that do not reflect a proportional difference in costs. The basic objective of price discrimination is that, by setting different prices for the same product in different markets / segments, a business can increase its total sales revenues, increases market shares and use as defending marketing strategy. 16 36. What is break even point pricing? Break-even pricing is a strategy that yields zero profit on a transaction. At break-even pricing the sales revenue equals expenses and is calculated by totaling the fixed and variable costs.Break-even pricing may be used as an aggressive marketing tool for market expansion or penetration. Understanding break-even price points gives management the tools to work toward generating profits or whether or not to even enter a particular market. 37. What do you understand by ââ¬Å"promotionâ⬠? Explain the objectives and importance of promotion. Meaning of promotion Promotion is the form of corporate communication that uses various methods to reach a targeted audience with a certain message in order to achieve specific organizational objectives. Objectives of promotion The possible objectives for marketing promotions may include the following.I. Build awareness New products and new companies are often unknown to market, which means initial promotional efforts must f ocus on establishing an identity. In this situation the marketer must focus promotion to: Effectively reach customers and tell the market who are they are and what they have to offer II. Create interest Moving customer from awareness of a product to making a purchase can present a significant challenge. The focus on creating messages that convenience customers that a need exist has been the hall mark of marketing for a long time with promotional appeals argeted at basic human characteristics such as emotion, fear, and humor. III. Provide information Some promotion is designed to assist customers in the search stage of the purchasing process. IV. Stimulate demand The right promotion can drive customers to make a purchase. In the case of products that a customer has not previously purchased or has not purchased in long time, the promotional efforts may be directed at getting customers to try to the product. V. Reinforce the brand Once a purchase is made, the marketer can use promotion to help build a strong relationship that lead to the purchaser becoming loyal customer.For instance many retail stores now ask e-mail address of customers in order to follow up and maintain their relationship. 17 38. Explain the different Kinds of promotion. There are two main types of promotion: I. Informative promotion: attempts to give lots of details about the product. This is often used by the Government, for example to inform people of new laws. Informative advertising enables firms to draw consumers' attention to a brand and educate them about distinctive features and benefits. This is especially important when a product is new or technologically complex.II. Persuasive promotion: attempts to persuade the consumer that he or she needs the product. Its role is to convince consumers that one product is better than another in meeting their needs and delivering specific benefits they seek. It can also be used to motivate a higher-volume or more immediate purchase than a buyer wou ld ordinarily make. 39. What is ââ¬Å"Promotion-mixâ⬠? Explain the factors which affect the promotion-mix of a company. Promotional mix elements Promotion mix is a combination of the tools that are used to accomplish an organization communication objective. The romotion mix element include advertising, sales promotion, personal selling, publicity, direct marketing and internet marketing. Each promotional tool has its own unique characteristics and costs. a) Advertising: is any paid form of non-personal presentation and promotion of ideas, goods or service through an identified sponsor. It also includes any informative or persuasive message carried by a non-personal medium to achieve various marketing objectives. b) Personal selling: ââ¬â is the form of person-to-person communication in which a seller attempts to assist/persuade prospective buyers to purchase the company product.Here there is a face-to-face communication with one /more prospective purchasers for the purpose of making presentations, answering questions and procuring orders. c) Sales promotion is consists of a diverse collection of incentive tools, mostly short term, designed to stimulate trial, or quicker or greater purchase, of particular products or services by consumers or the trade. d) Publicity/public relation: ââ¬â is no-personal communication regarding on organizationââ¬â¢s product, service or idea that is not directly for usually comes in the form of news story, editorial and an announcement about an organization and its product.Public relation has broader objective than publicity, as its purpose is to 18 establish and maintain a positive image of the company among its various publics. e) Direct marketing: -is use of mail telephone e-mail and other nonpersonal contact tools to communicate directly with or solicit a direct response from specific customer and prospects. Many forms: Telephone marketing, direct mail, online marketing, etc. ; Four distinctive characteristics: Nonpublic, Immediate, Customized, Interactive; Well-suited to highly-targeted marketing efforts. Factors in Setting the Marketing Communications MixCompanies must consider several factors in developing their promotion mix: Type of product market: Push-versus-pull strategy: A push strategy involves the manufacturer using sales force and trade promotion to induce intermediaries to carry, promote, and sell the product to end users. A pull strategy involves the manufacturer using advertising and consumer promotion to induce consumers to ask intermediaries for the product, thus inducing the intermediaries to order it. This is especially appropriate when there is high brand loyalty and high involvement in the category;Buyer-readiness stage: Promotional tools vary in cost effectiveness at different stages of buyer readiness (awareness, knowledge, liking convincing, preference, and purchase). Product-life cycle stage: Promotional tools also vary in cost effectiveness at different stages of the product life cycle. Company market rank: Market leaders derive more benefit from advertising than from Sales promotion. Conversely, smaller competitors gain more by using sales promotion in their marketing communications mix. 40. Define ââ¬Å"sales promotionâ⬠. Describe the various methods of sales romotion. Sales promotion is consists of a diverse collection of incentive tools, mostly short term, designed to stimulate trial, or quicker or greater purchase, of particular products or services by consumers or the trade. Sales promotion includes those promotional activities other than personal selling, advertising and public relations that are intended to induce buyers purchase or to stimulate dealer effectiveness in a time. Tools and Techniques of sales promotion 19 Two categories of sales promotion the trade oriented and consumer oriented sales promotion.Consumer sales promotion techniques are Price deal, Loyal Reward Program, Cents-off deal, Price-pack deal, Coupons, Loss leader, Rebates, Trade sales promotion techniques are Trade allowances, Dealer loader, Trade, Point-of-purchase displays, Training programs and Push money. 41. What is ââ¬Å"personal sellingâ⬠? Enumerate relative merits and limitations of personal selling. Personal selling: ââ¬â is the form of person-to-person communication in which a seller attempts to assist/persuade prospective buyers to purchase the company product. Here there is a face-to-face communication with one /more prospective purchasers for the urpose of making presentations, answering questions and procuring orders. Merits and demerits of personal selling Merits of Personal Selling 1. Flexibility and Adaptability: Sales persons should adapt to each selling situation. Salesperson is to be sensitive to what is happening and flexible enough to make those adaptations. 2. Minimum Wastage: The efforts put in buy the salesman are highly focused on a single customer or a small group of customers. As a result of oral , face-toface presentation, the message is likely to reach the customer or customers without distortion and diffusion. 3. It is a Feedback:The salesman is, in effect, a marketing researcher. Being in direct contact with customers, he has the specific advantage of collecting and transmitting the relevant marketing information affecting his company, products and services and himself. 4. It creates impinge and Lasting Impressions: The process of personal selling is so direct and penetrating those long dashing business relations can be developed between the selling house and the class of customers. 5. It generates Gainful Employment Opportunities: Developing countries have the situation where people run after jobs rather than jobs running after people.Hence, there is good scope for self-employment and ready jobs in this line of selling. 6. Salesmanship makes the Economic System more Stable: Demerits of Personal Selling: 1. It is Expensive: 20 Personal selling, as a method of promotion, is quite expensive. Getting the good salesman is one thing and retaining them for longer period is another. 2. Problem of Getting Gifted Salesman: it is really very difficult to get a suitable salesman from the company's point of view. 3. High Stake in Consumer Loyalty: customer loyalty depends on the presence of a successful salesman.That is, firm's fortunes are tied to the loyalty of the customers which, in turn, depends on the very presence of a particular salesman or salesmen. 4. More Administrative Problems: Personal selling involves more administrative problems than impersonal selling. firm has to meet the challenges in the areas of manpower planning, organizing, directing, coordinating, motivating and controlling. 5. It is not an easy Profession: Salesmanship is not an easy job. It is needs long hours of hard work, to be away from family facing all the odds both mental and physical. 6.As a Profession has Little Respect: Salesmanship as a profession commands very little respec t. Many go in for salesmanship as it has easy entry points. 7. Mark of Fraud: In salesmanship, there are good chances of fraud and deception. Malpractices that are followed by salesman not all are sufficient to damage the very image of salesmanship the great art and profession. 42. What are the essentials of effective selling? Essentials of effective selling Personal selling is an art and a profession. It is a creative work. Success in personal selling depends upon the salesman and the framework in which he words.Personal selling demands a command over certain requisitions making selling a thrilling success. There are seven requisites or essentials of effective selling. They are: 1. Knowledge of self 2. Knowledge of product 3. Knowledge of company 4. Knowledge of competition 5. Knowledge of selling process 6. Knowledge of customers 7. Knowledge of advertising Knowledge of self: One should know himself and his own abilities and personality before embarking upon to do a particular job . Knowledge of Product: Product knowledge is almost inevitable, as the very existence of salesman is dependent on the products. So a 21 alesman should know all about his product: Materials from which it is made, how it is used and how it is maintained, Product features, Customer benefits and Selling points of the product in relation to its rivals and son. Knowledge of the company or enterprise: Most products, especially costly and complicated products, are not judged on their own merits. They are judged by the name of the company that manufacturers them. Knowledge of Competition: A salesman should constantly study the products offered by his competitors and determine their strengths and weaknesses in comparison to his own product.Awareness of competition enables a salesman if necessary, to compare his product with that of rivals on those points in which the buyer seems most interested. Knowledge of customers: A salesman must have adequate knowledge about both the customerââ¬â¢s w ants and desires, and the products offered by the company to satisfy customers. Knowledge of selling process: the salesman should have in-depth knowledge of the selling process and each stage of it. Selling process is made up of at least six stages to convert prospect into a customer.The stages are: prospecting, pre-approach, approach, presentation and demonstration, overcoming objections and closing the deal. A salesman should be well-versed in the principles and techniques of salesmanship. Knowledge of advertising: Publicity work undertaken by the concern is a good source of information and a force that creates a staged for his effective performance. Advertising copies helps him in planning his sales talk. Though advertising is an indirect way of selling, it supports and reinforces the efforts of salesman. Hence, a salesman is to study and analyze the advertisements. 3. Discuss the methods of personal selling? 44. What do you mean by ââ¬Å"Advertisingâ⬠Discuss its objective s and functions. Advertising: ââ¬â is any paid form of non-personal presentation and promotion of ideas, goods or service through an identified sponsor. It also include any informative or persuasive message carried by a 22 non-personal medium and paid for by a sponsor whose product is in some way identified in the message. Depending upon the marketing situation, companies use advertising to achieve various marketing objectives: 1. To do the entire selling job (as in mail-order marketing) 2.To introduce a new product (by building brand awareness among potential buyers) 3. To force middlemen to handle the product (pull strategy) 4. To build brand preference (by making it more difficult for middlemen to sell substitutes) 5. To remind users to buy the product (retentive strategy) 6. To publicize some change in marketing strategy (e. g. , a price change, a new model, or an improvement in the product) 7. To provide rationalizations for buying (i. e. , ââ¬Å"socially acceptableâ⬠excuses) 8. To combat or neutralize competitors advertising efforts. 9. To improve the morale of dealers and/or salesmen. 0. To acquaint buyers and prospective buyers with new uses of the product. 45. ââ¬Å"Selection of advertising media should be preceded by an analysis of all factors involved in the total marketing situationâ⬠. What factors should you consider in such an analysis and why? 46. State the differences between advertising and Publicity? 47. What is ââ¬Å"Physical distributionâ⬠? Explain its role in modern marketing. 48. What is ââ¬Å"distribution channelâ⬠? What factors influence the length as well as width of the channel? 49. ââ¬Å"Middlemen are parasites. They should be eliminatedâ⬠Do you agree? Explain.Of course, why because in a Marketing chain where distribution comes, if i put it in a rough count, out of the 100% which we pay as MRP , about 40 % is the manufacturing cost and the rest 60 % is going as middlemen expenditure. We, the end cu stomers are paying 60% above the unit cost for a product. There are intellectual Distribution channels which will avoid these middlemen. Good Companies like Amway does that and in this case they can ensure that the original products reach the end customers. 50. What is tele-marketing? Telemarketing is one of the ways of direct marketing which involves the use of the telephone for the marketing purpose.The salesperson involved uses the telephone to directly convince the customer over 23 the buying of some kind of product or service with the complete information and detailing session. The telemarketing is basically categorized into two different types which are the Business-to-consumer telemarketing and the business to-business telemarketing. The most importantly used subcategories of telemarketing today are the Outbound and the inbound telemarketing. Outbound is the proactive marketing in which the customers either who exist lready or the prospective ones are all contacted directly f or the purpose of the marketing The Inbound telemarketing includes the reaction and reception of the orders and also information coming in so as to explain the customer about the product and give detailed information on which they are interested. 51. What is ââ¬Å"international marketing ââ¬Å"? Why firms want to go international or global? International marketing: is the performance of business activities designed to plan, price, promote and direct the flow of a companyââ¬â¢s goods and services to consumers or users in more than one nation for a profit.The only difference between the definitions of domestic marketing and international marketing is that in the latter case marketing activities take place in more than one country. The main reason for companies to go to international marketing is to exploit a better business opportunity in terms of increased sales and profits. Foreign markets may offer an opportunity for growth. The major reasons to go to international markets are : Market Saturation: When domestic markets are becoming saturated for faster than new markets are being found.Trade Deficit: To balance the trade deficit i. e. to balance import & export. Foreign Competition: Competition forced some companies to shift their products to foreign markets. Emergence of new Markets: The world is changing fast, resulting in the emergence of new markets. Eg. the growing Asian Markets. The Possibility of achieving economies of scale: In industrialized where economies of scale are feasible, a large market is essential, so it if the home market is not large enough, entering foreign markets may be an attractive alternative.Safety net during business downturns/to extend products life cycle/: Usually a recession starts in one country. Thus, firms that do business internationally can shift to foreign markets during recession. 24 To get cheap Labor costs: Since labor cost in developing countries is much lower than in the developed countries, it is economically att ractive for the companies to expand foreign operations. Tax Incentives: Some nations offer tax incentives to attract foreign business to their countries. To develop and /or test new products outside: This practice avoids exposure to competitors and to some extent, keeps new evelopment information secret until the product is ready for full introduction. E. g. Ford did much of its world car development in Germany. To find less competitive Markets: Some markets are less competitive than the home market of the company. 52. Explain the main tasks involved in international marketing? The International marketing Task is more complicated than that of the domestic marketing because the international marketing must deal with at least two levels of uncontrollable uncertainty instead of one.A foreign country where a company operates adds its own unique set of uncontrollable elements. With the growth of the number of foreign markets a company operates in, the variety of foreign environmental unc ontrollable become greater. A solution to a problem in a country might not be applicable to a problem in other country. To tackle these problems the following tasks should be considered. the market and 1. Distinguish between selling and marketing? Selling is the process of making the companyââ¬â¢s sales volume increase 25 2.What is product positioning: Positioning is the act of designing the company's offering and image to occupy a distinctive place in the mind of the target market? The goal is to locate the brand in the minds of consumers to maximize the potential benefit to the firm. 3. Direct and indirect channel distribution Direct distribution channel is marketing channel that has no intermediary levels; the company sells its product directly to consumers. Whereas indirect distribution channel is a channel containing one or more intermediary levels is called indirect marketing channel. 26
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